Intercontinental Exchange, Inc. reports developments across financial market technology, exchange operations, clearing, data services and U.S. mortgage technology. The company operates futures, equity and options exchanges, including the New York Stock Exchange, clearing houses, energy and environmental markets, fixed income data and execution capabilities, and ICE Mortgage Technology workflows for housing finance.
Recurring news covers quarterly operating results, trading volume and open interest statistics, dividends and share repurchases, mortgage performance and home-price reports, index and market-data products, and data collaborations such as sustainable bond classification. Company updates also reflect how ICE packages market data, analytics and workflow tools for capital markets, fixed income, housing finance and exchange-listed markets.
Intercontinental Exchange (NYSE: ICE) plans to launch carbon credit auctions for Permian Global, focusing on verified emission reduction certificates (VERs) from tropical forest protection projects. Set to begin in 2022, this initiative aims to enhance the transparency and credibility of carbon credits, aiding climate change efforts. ICE will form a Carbon Oversight Committee for oversight in the voluntary carbon markets, supporting governance and integrity in the auction process. Over 14 gigatons of carbon trades on ICE annually, representing approximately 40% of global annual emissions.
Intercontinental Exchange (NYSE: ICE) released its sixth annual Corporate Responsibility Report highlighting its environmental, social, and governance (ESG) initiatives for 2020. This year marks the introduction of a formal materiality analysis, developed with external consultation and employee feedback, to identify substantive ESG risks and opportunities. Key highlights include the publication of greenhouse gas emissions, new diversity disclosures, and the expansion of ESG reference data. ICE’s transparency and commitment to sustainability reflect its role in managing risks across various financial markets.
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Intercontinental Exchange (NYSE:ICE) announced plans to launch four new index futures contracts linked to the MSCI Climate Paris Aligned Indices, pending regulatory approval with a target launch in January 2022. These U.S. dollar-denominated contracts are designed to support investors aiming for net-zero alignment through proprietary climate metrics. The indices include the MSCI World, USA, Europe, and Emerging Market Climate Paris Aligned Indices. Industry leaders view this as a significant development in enhancing ESG solutions and managing climate-related risks within investment portfolios.
Intercontinental Exchange (NYSE:ICE) has launched the U.S. dollar SOFR ICE Swap Rate as a benchmark for financial contracts. This follows the successful beta publication that started on October 1, 2021. The new benchmark assists the U.S. dollar non-linear derivatives market in its transition to SOFR. Settings are published concurrently with the current U.S. dollar LIBOR ICE Swap Rate, covering tenors from one to 30 years. ICE Benchmark Administration continues to offer beta settings for feedback, which are not yet for financial use.
Intercontinental Exchange (NYSE:ICE) has announced plans to launch its first Nature-Based Solutions (NBS) carbon credit futures contract, expected in Q1 2022, pending regulatory approvals. Each contract will be equivalent to 1,000 VCS-certified carbon credits, aimed at promoting funding for natural capital in agriculture, forestry, and land use. The ICE Carbon Oversight Committee will oversee the governance of these carbon markets to ensure the integrity of the credits. This initiative will further solidify ICE's position in the environmental market, where it currently facilitates a significant portion of global carbon trading.
Intercontinental Exchange (NYSE:ICE) has unveiled the 2022 auction calendar for the UK Emissions Trading Scheme (ETS). Since its launch in May 2021, the UK ETS has become the third largest carbon cap and trade market globally, with over 156,000 lots traded, equating to 156 million tons of carbon. Current open interest stands at 42,131 contracts. The UK ETS aims to support the climate goals of the UK, facilitating liquidity and participation in environmental markets.
Intercontinental Exchange (NYSE: ICE) has partnered with Adroit Trading Technologies to enhance the liquidity and execution capabilities of its ICE Bonds marketplace. This integration aims to provide users with deeper liquidity and improved price discovery across various trading protocols, including portfolio trading and RFQ. Peter Borstelmann, President of ICE Bonds, emphasized the value of combining advanced technology with access to their liquidity pools, enabling efficient trading for buyside clients.
The Intercontinental Exchange (NYSE: ICE) reported robust October 2021 trading statistics, with average daily volume (ADV) up 43% year-over-year (y/y). Total open interest (OI) also saw an 11% increase y/y, including record futures OI of 48.2M lots on October 26 and 50.5M lots in global commodities on October 25. Energy ADV rose by 27% y/y, while oil ADV surged by 36% y/y. Interest rate ADV skyrocketed by 90% y/y, with specific contracts like Euribor increasing by 129%. Overall, the company's performance indicated strong growth across various asset classes.
The New York Stock Exchange (NYSE), part of Intercontinental Exchange (ICE), has announced the successful transfer of Helios Technologies' listing, effective today. Helios, a leader in hydraulic and electronic control solutions, aims to utilize NYSE's advanced market model and extensive network of industry leaders. This strategic move is expected to enhance brand visibility and provide long-term value for shareholders, reinforcing Helios's ongoing transformation as a global electronics and hydraulics company.